ytl出手了，下一个会是谁？

In the biggest Singapore Real Estate Investment Trust (REIT) deal to date, YTL Corporation, one of Malaysia's largest conglomerates, has acquired around 36% in Macquarie Prime REIT (MP Reit), and a 50% stake in its holding company Prime REIT Management Holdings (PRMH).YTL will buy the stakes from Macquarie Bank for around SGD285mn (US$193mn), in a deal that will make it MP REIT's largest shareholder and give it control of the trust. MP REIT boasts a portfolio consisting of 10 major properties in Singapore, Tokyo and China which is worth around SGD2.2bn, and has a market cap of around SGD516mn.

买50%控股的原因是有50%就可以命名了，那个52%price premium随便inject一两个properties进去就可以拿回来了
想象新加坡orchard road的ngee ann city & wisma atria上面高高挂着Starhill Global REIT

It was the best of times, it was the worst of times --Charles Dickens

India

还没看的推荐大家去看michael backman's asia future shock的chapter 6
the rush out of india by indian companies

我注意越来越多bursa的公司资产被印度公司买去了
Unza-Wipro
Tamco Switchgear->Larsen & Toubro Ltd
jspc-> axon ->HCL Tech
lfib的forest->indian company



结论是
会有越来越多的indian mnc

capitaland malaysia reit

记得注意是否AEI后还是AEI前就IPO,
如果是AEI后，吸引力大减
=)

国际trust fund在malaysia stock exchange的动作

可以看看国际trust fund在malaysia stock exchange的动作
http://www.mffais.com/rankings/my/

美国home foreclosure反思

其实在很久很久以前，在媒体没有任何报导美国financial crisis的时候
我已经“看到”了，可是我不知道自己“看到”了，结果错过了

要知道更多，请看http://iamfacingforeclosure.com/history.html

Singapore F1 a boon for hotels - in Johor

2008年7月28日the business times的头条
Singapore F1 a boon for hotels - in Johor

1xxx年,california gold rush,发大财的不是挖金的，而是卖牛仔裤的
我看到的是2009/2010年n月n日
Singapore Casino[s] a boon for ??? - in ??

Singapore’s first Formula One (F1) night race (September 26-28 ) is turning out to be quite the moneyspinner for hotels and travel agents - in Malaysia, that is.

Some visitors who are flying in for the big event have found an alternative to the inflated room rates at Singapore hotels, by booking five-star hotels across the Causeway where prices work out to a mere fraction of what is being charged here.

Johor Baru-based travel agency, New Asia Holidays, has been receiving calls from interested parties as far away as Europe since February this year. The travel agency has organised a special four day-three night F1 travel package, complete with daily return transfers between Johor Baru and the race circuit in Singapore.

Starting at $800 per person, the tour package boasts the option of both high-end hotels like the five-star Hyatt Regency Johor Baru as well as more affordable accommodation and even sightseeing tours.

According to general manager Raaj Navaratnaa, ‘response has been very good’, with 350 confirmations to date, although he expects numbers to run into 550-600 once September rolls in. Slightly over 60 per cent of the confirmed bookings so far hail from European countries and regions such as Germany and Scandinavia, while close to 30 per cent are from Australia. Bookings from the region such as Malaysia and Thailand have been softer, he added.

To avoid heavy traffic, New Asia Holidays has chartered private buses and will be ferrying its customers via the Tuas link. It is also working on obtaining special group ‘clearance from Malaysian Immigration,’ said Mr Navaratnaa, which he believes will come through.

Meanwhile, over at the five-star Puteri Pacific JB, bookings have started to come in recently from both individuals and groups. Rooms are going at RM500++ (S$209) per night, with a minimum of three nights, which is still vastly cheaper than the rates charged by some of the local hotels. At this point, the Puteri Pan Pacific has 300 rooms taken up - an occupancy rate of about 60 per cent.

The Hyatt Regency JB is offering a four day-three night package at a rate starting from RM395++ per night, excluding transportation. General manager Richard Simmons said the hotel is ‘optimistic’ for higher than average occupancies, especially taking into account that generally, ‘the rate falls during Ramadhan.’

The Mutiara Johor Baru currently has a take up of 72 rooms for the F1 period. Fifty-two of its superior rooms (RM270++ per night) and 20 deluxe rooms (RM310++ per night) have been paid for so far. According to the hotel, all bookings are made by Malaysians. ‘Majority of rooms are booked for a duration of four nights stay from 25 Sept onwards. Walk-in guests will pay the same rate,’ said Lily Tham, marcom manager, adding that enquiries have been pouring in since early April.

While the current occupancy level for that weekend hovers above 20 per cent, the Mutiara is forecasting 80 per cent daily occupancy from F1 bookings alone from Sept 22 till 28. Mutiara JB has 332 rooms and suites in total.

However, Patrick Fiat, general manager for Singapore’s Royal Plaza on Scotts, pointed out that staying in JB during the F1 week would also come with a heavy price to pay. You have to ‘factor in traffic jams and the distance…plus service standards’ might not be up to snuff, Mr Fiat said.

Royal Plaza on Scotts, which is a non-trackside hotel, currently has an occupancy of about 55 per cent for its 511 rooms. Rooms at the Royal Plaza are going at $960 per night with a minimum of two nights, about three times its corporate rate and nearly double its rack rate of $500 plus.


In Singapore, hotels have not been filling up as quickly as previously anticipated, although BT understands from some hotels that the pace is picking up.

Over at trackside hotel the Fullerton, bookings have been ‘definitely going up,’ said a spokesperson. Non track-view rooms start at $2,000 per night, while track-view rooms are going at close to $3,000. The Fullerton has not lowered its rates since they were launched, the spokesperson said.

Source : Business Times - 28 Jul 2008

Resorts World at Sentosa

以下纯属虚构，如有类同，纯属巧合

http://cblog.cari.com.my/html/69/218069-136547.html -
chookf雲頂的新加坡娛樂城分析報告書

chookf的报告忘了提到只是进入赌场要给罚款，赌场外是不用的，餐饮业虽然没有赌场那么好赚，turnover也少很多，不过餐饮业的pre-tax margin(不是net margin)有double digit的,还有genting的world card很早就在新加坡，马来西亚，香港等地立足了，不好小看cross-selling的威力哦。

虽然聖淘沙名勝世界定位為家庭休閒,可是它就不能refer去马来西亚的GICC吗？
云顶也可以透过它的网路refer 中国，越南，印度等地的游客去resorts@sentosa
想想看singapore+ malaysia 2in 1 的package （要山有山(genting),要水有水(star cruises)

所谓的一年$2000的罚款，我想，两个赌场都会用各种各样的方式回扣给hnwi(所谓的vip)

所谓「濱海灣金沙」比較可以吸引到一些高階級的富裕人士,「聖淘沙名勝世界」比較可以吸引普羅大眾不成立，因为maxims本来就是vip club，加上新加坡人大多都是贪小便宜+要求多多，所以包装很重要

新加坡很大的展览厅+mall的customer card也是world card
http://www.suntecreit.com/sunteccitymall/mall_privileges.html
再看看http://apps.worldcard.com.sg/en/Main/index.aspx

再看看新加坡的政府的努力
http://app2.wda.gov.sg/web/contents/ContentsIDV.aspx?contid=385
已经很清楚地列出需要的人力与工资了
http://csp.wda.gov.sg/job.asp
确保充足的人力会减低工资的上涨压力

resorts@sentosa的员工很早就请了，计划也在24小时不停地赶工

市場規模共149.8億馬幣的市場。-保守的估计，想想sentosa那里的房子都是百万的，加上几天前的报道(全世界的SWF会在新加坡举行会议),我想如果能吸引到MICE event的人潮里面的几巴仙就能轻易超越这个目标了


因競爭緣故，因該會低於大馬的名勝世界，雖然新加坡政府調低稅務，淨利潤率估計約19％，金沙
和雲頂若平均瓜分，淨利潤約28.46億馬幣。 -云顶的profit margin肯定比金沙来的高，去看看云顶的内部运作就能知一二了，不过比马来西亚的margin会低


还有，一个比较黑暗的地方，大马没有合法的妓业，新加坡的红灯区，跟滨海湾6个mrt 站距离而已，车程会更近
还有(2)，印尼华侨在新几万亿美元的资产，去赌场转一圈出来就白白净净了


名勝世界@sentosa的忧虑，不在新加坡